Pelangio Exploration (CVE:PX) Stock Price Up 50% – Here’s What Happened

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s stock price traded up 50% during trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 1,882,150 shares were traded during trading, an increase of 1,636% from the average session volume of 108,432 shares. The stock had previously closed at C$0.04.

Pelangio Exploration Stock Up 16.7 %

The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75. The firm has a market cap of C$11.98 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The firm’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03.

About Pelangio Exploration

(Get Free Report)

Pelangio Exploration Inc, a mineral exploration company, engages in acquiring, exploring, and developing mineral properties. It holds interests in various gold properties in Ghana and Canada. The company was incorporated in 2008 and is headquartered in Toronto, Canada.

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